Ebooks

New Zealand is generally perceived as a high tax country and has consequently not been a target in the international campaign against offshore tax havens. The fact is that New Zealand offers secretive zero tax structures for offshore activities and perhaps even more remarkable, a legal framework that allows for virtually anyone to start a Bank without being subject to any capital or qualification requirements. New Zealand Offshore Finance Companies are Banks, both in a legal and practical sense, but not Registered Banks under supervision of the Reserve Bank of New Zealand. While there are laws in New Zealand regulating financial activities, there are no regulatory entry barriers as such for the business of banking when services are offered to non-residents only (offshore). This book will teach you how to form and register a New Zealand Company online and how to obtain registration as a bona fide Financial Service Provider (FSP) with legal capacity to offer banking services to any number of clients, resident anywhere in the world. The regulatory framework and upcoming changes to the relevant legislation are explained.

Tax havenshave traditionally been politically acceptable as long as they are rainy andcold places such as Delaware, the Netherlands, Ireland, and the United Kingdom.However, if you add a white sand beach and some palm trees, it becomes adifferent story. The tax haven becomes an offensive villain, not only guilty of“unfair tax competition” but of virtually every other thinkable evil, includingmoney laundering, tax evasion, and all poverty on planet earth. The fact thatthe lion’s share of international money laundering takes place in London andNew York, not in the Caymans or the British Virgin Islands, is usuallyconveniently omitted in any debate on the subject. So if everyone from youraccountant and his grandmother to the prime minister of the United Kingdom arerelentlessly critical about corporate structuring under the palm trees, this isa valid reason to consider incorporating elsewhere. If you are looking forfinancial privacy and tax freedom, you can find this in the cold countries thatlike to call the warmer tax havens “sunny places for shady people.” The mostnotorious tax haven criticism comes from the most prominent offshore tax havensin the world, the United States and the United Kingdom. This book will teachyou how to register tax free companies in those countries.